HUYA Inc. (NYSE:HUYA) Receives Consensus Rating of “Hold” from Analysts

Posted by on Mar 17th, 2023

Shares of HUYA Inc. (NYSE:HUYA – Get Rating) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $4.20.

A number of analysts recently issued reports on HUYA shares. HSBC lifted their price target on shares of HUYA from $4.60 to $6.30 in a research note on Thursday, February 2nd. China Renaissance upgraded shares of HUYA from a “hold” rating to a “buy” rating and lowered their target price for the company from $4.30 to $4.20 in a research note on Tuesday, December 13th.

HUYA Trading Up 1.6 %

Shares of NYSE:HUYA opened at $3.92 on Friday. The company has a fifty day simple moving average of $4.99 and a 200 day simple moving average of $3.50. The firm has a market cap of $933.23 million, a PE ratio of -21.78 and a beta of 0.74. HUYA has a 12-month low of $1.64 and a 12-month high of $6.49.

Hedge Funds Weigh In On HUYA

Several hedge funds and other institutional investors have recently modified their holdings of HUYA. UBS Group AG boosted its holdings in shares of HUYA by 2,307.4% during the first quarter. UBS Group AG now owns 3,373,978 shares of the company’s stock valued at $15,082,000 after acquiring an additional 3,233,828 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of HUYA by 142.4% during the first quarter. Renaissance Technologies LLC now owns 2,127,865 shares of the company’s stock valued at $9,512,000 after acquiring an additional 1,250,065 shares during the period. Polunin Capital Partners Ltd acquired a new stake in HUYA in the fourth quarter worth about $4,759,000. Strategic Vision Investment Ltd acquired a new stake in HUYA in the fourth quarter worth about $4,538,000. Finally, Twenty Acre Capital LP acquired a new stake in HUYA in the first quarter worth about $4,177,000. Institutional investors and hedge funds own 21.84% of the company’s stock.

HUYA Company Profile

(Get Rating)

HUYA, Inc is a holding company, which engages in the development of game live streaming platform. The company provides live streaming content for mobile, personal computer, and console games. It also offers content to other entertainment genres, such as talent shows, anime, and outdoor activities. The company was founded in 2014 and is headquartered in Guangzhou, China.

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Analyst Recommendations for HUYA (NYSE:HUYA)

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